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    • Jefferson National to Pay $150K Penalty Over Annuity Sales

    August 17, 2021 by Melanie Waddell

    California Insurance Commissioner Ricardo Lara has levied a $150,000 penalty against Jefferson National Life Insurance Company for creating an annuity sales process that lacked consumer safeguards. Lara also ordered the life insurer to repay $14,000 to an 86-year-old consumer who purchased an annuity she didn’t understand.

    Nationwide acquired Jefferson National in 2017.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on August 10, 2021 by Melanie Waddell.

    Categories: Industry Articles
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